Emerging Insurance Markets of Asia-Pacific - Global Strategic Business Report

  • ID: 604670
  • Report
  • Region: Global
  • 116 Pages
  • Global Industry Analysts, Inc
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The Emerging Insurance Markets of Asia-Pacific Report provides insightful analysis, market briefs, industry structure and outlook of life and non-life insurance (including auto and property) industries in select countries of the region. The report provides a compilation and discussion on recent spate of mergers & acquisitions and other industry activities, which have irreversibly changed the landscape of the industry. The report also peeps into the recent past/ historical perspective of few country’s insurance markets and corporate developments within the industry. A regional level discussion also looks into the leading companies’ footing in these markets along with their annual written premiums and/ or market shares. Markets briefly abstracted and covered in the report include Bangladesh, Indonesia, Malaysia, Mauritius, Mongolia, New Zealand, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan, Thailand, and Vietnam. The report discusses many key and niche players such as PT Asuransi Tokio Marine Indonesia, PT Panin Insurance, PT Tugu Pratama, Kyobo Life Insurance Co., Ltd., Samsung Life Insurance, Shinhan Bank, Baominh-CMG, and BaoViet.

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EMERGING INSURANCE MARKETS OF ASIA-PACIFIC

A STRATEGIC BUSINESS REPORT

CONTENTS

1. Bangladesh EAP-1
Life Insurance Market EAP-1
Table 1: Life Insurance Industry in Bangladesh (2003): Gross
Written Premium in US$ Million by Leading Companies for
American Life, National Life, Jiban Bima Corporation, Delta
Life, Meghna Life, Sandhani Life, Fareast Islami Life,
Homeland Life, Rupali Life, and Prageti Life (includes
corresponding Graph/Chart) EAP-1
Homeland Launches BADHU BIMA Scheme for Married Women EAP-2
Non-Life Insurance Market EAP-2
Table 2: Non-Life Insurance Industry in Bangladesh (2003):
Gross Written Premium in US$ Million by Leading Companies for
Sadharan Bima, Corporation, Pragati, Reliance, Green Delta,
Prime, Peoples, Phoenix, Bangladesh General, Rupali, and
Karnaphuli (includes corresponding Graph/Chart) EAP-2

2. Indonesia EAP-3
Market Overview EAP-3
Insurance Sector Representation EAP-3
Table 3: Indonesian Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in US$
Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) EAP-3

Table 4: Indonesian 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2005, 2007, and 2009
(includes corresponding Graph/Chart) EAP-4
Highlights EAP-4
Insurance Market Regulations EAP-4
Indonesian Auto Insurance Market EAP-5
Lack of Awareness and Poverty Hit Indonesian Health
Insurance Market EAP-5
Entry of Foreign Players EAP-5
Indonesia Calls for Piracy Insurance EAP-6
Importance of Technical Reserves EAP-6
Market Leaders EAP-6
Life Insurance EAP-6
Table 5: Indonesian Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Bumiputera 1912, AIG Lippo Life, Jiwasraya, Manulife
Indonesia, Prudential Life, Indolife Pensiontama, Jiwa
Sequis Life, AIA, Indonesia, Panin Life, and Bringin Jiwa
Sejahtera (includes corresponding Graph/Chart) EAP-6
Non-Life Insurance EAP-7
Indonesian General Insurance Sector - Set for Phenomenal
Growth EAP-7
Table 6: Indonesian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Tugu Pratama, Jasa Indonesia, Central Asia, Astra
Buana, Sinar Mas, Wahana Tata, Allianz Utama, AIU
Indonesia, Mitsui Sumitomo, and Dayin Mitra (includes
corresponding Graph/Chart) EAP-7
A Recent Past Perspective EAP-7
Leading Insurance Companies EAP-8
Table 7: Insurance Industry in Indonesia (2001): Number of
Insurance Companies by Type of Insurance for Life Insurance,
Loss-Insurance, Reinsurance and Others (includes
corresponding Graph/Chart) EAP-8
Loss Insurance and Re-insurance Market EAP-8
Table 8: Key Statistics of Indonesian Loss-Insurance and
Reinsurance Companies in Millions of Rupiahs: 1998-2000
(includes corresponding Graph/Chart) EAP-9

Table 9: Leading Loss-Insurance Companies in Indonesia by
Surplus Underwriting in Millions of Rupiahs: 2000 (includes
corresponding Graph/Chart) EAP-9

Table 10: Leading Loss-Insurance and Re-insurance Companies
in Indonesia by Assets in Millions of Rupiahs: 2000
(includes corresponding Graph/Chart) EAP-10

Table 11: Insurance Gross Premiums in Indonesia by Segment
(in % Share): 2000 (includes corresponding Graph/Chart) EAP-11
Structural Overview of Loss-Insurance Market EAP-11
Focus on Select Indonesian Players EAP-12
PT Asuransi Tokio Marine Indonesia EAP-12
PT Panin Insurance EAP-12
PT Tugu Pratama EAP-12

3. Malaysia EAP-13
Market Overview EAP-13
Table 12: Malaysian Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life Insurance and
General Insurance Markets Independently Analyzed with
Premiums Written in RM Million for the Years 2006 through
2010 (includes corresponding Graph/Chart) EAP-13

Table 13: Malaysian 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premiums
Written for Life Insurance and General Insurance Markets for
2006, 2008, and 2010 (includes corresponding Graph/Chart) EAP-14

Table 14: Malaysian Recent Past & Current Analysis for
Insurance Industry by Segment - Life and General Insurance
Markets Independently Analyzed with Premium Income in RM
Million for the Years 2004 through 2008 (includes
corresponding Graph/Chart) EAP-14

Table 15: Malaysian 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life Insurance and General Insurance Markets for 2004,
2006, and 2008 (includes corresponding Graph/Chart) EAP-15

Table 16: Malaysian Recent Past & Current Analysis for
Insurance Industry by Segment - Life and General Insurance
Markets Independently Analyzed with Insurance Fund Assets in
RM Million for the Years 2004 through 2008 (includes
corresponding Graph/Chart) EAP-15

Table 17: Malaysian 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Insurance Fund
Assets for Life Insurance and General Insurance Markets for
2004, 2006, and 2008 (includes corresponding Graph/Chart) EAP-16
Insurance - A Booming Industry EAP-16
Policies and Measures Reinforce Insurance Sector EAP-16
Central Bank to Deregulate Insurance Sector EAP-17
Role of Banks in Promoting Insurance EAP-18
Health Insurance Industry Set to Record High Growth EAP-18
Medical and Health Insurance Pick up Growth EAP-18
Tourism Industry Follow Suit EAP-19
Life Insurance Industry EAP-19
Table 18: Malaysian Life Insurance Industry (2006 & 2007):
Percentage Breakdown of Premiums by Policy Type for
Temporary, Whole Life, Investment Linked, Endowment, Annuity,
and Others (includes corresponding Graph/Chart) EAP-19

Table 19: Malaysian Life Insurance Industry (2007 & 2008):
Percentage Breakdown of Benefit Payments by Category for
Surrender, Maturity/Vesting, Medical, Cash Bonuses, Death and
Disability, and Others (includes corresponding Graph/Chart) EAP-20
Key Players EAP-20
Table 20: Leading Players in the Malaysian Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Great Eastern, AIA, Prudential, ING, and MAA (includes
corresponding Graph/Chart) EAP-20
Non-Life Insurance Industry EAP-21
Table 21: Malaysian General Insurance Market (2007 & 2008):
Percentage Breakdown of Premiums by Category for Motor,
Fire, MAT, P A, CAR & ENG, Medical, Liability, WC & EL, and
Others (includes corresponding Graph/Chart) EAP-21

Table 22: Malaysian Non-Life Insurance Market (2005):
Percentage Breakdown of Premiums by Segment - Auto,
Engineering, Fire, Liability, Marine, Medical & PA, and
Miscellaneous (includes corresponding Graph/Chart) EAP-22
Key Players - A Past Perspective EAP-22
Table 23: Malaysian Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Kurnia, Malaysia National, Allianze General, Malaysia
Assurance Alliance, AMI, American Home, Uni. Asia General,
Hong Leong, Oriental Capital, and AmAssurance (includes
corresponding Graph/Chart) EAP-22

Table 24: Leading Players in the Malaysian Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Kurnia, MNI, Allianz General, MAA, and Uni.Asia
General (includes corresponding Graph/Chart) EAP-23

4. Mauritius EAP-24
Life Insurance Industry EAP-24
Table 25: Life Insurance Industry of Mauritius (2003): Gross
Written Premium in US$ Million by Leading Companies for BAI,
Sicom, Anglo Mauritius, LIC, Mauritius Union, Albatross, La
Prudence, Island Life, Mauritian Eagle, and Sun (includes
corresponding Graph/Chart) EAP-24
Non-Life Insurance Industry EAP-25
Table 26: Non-Life Insurance Industry of Mauritius (2003):
Gross Written Premium in US$ Million by Leading Companies
for Swan, Mauritian Eagle, Mauritius Union, Albatross, Sicom,
La Prudence, Island Gen, Sun, New India, and Lamco (includes
corresponding Graph/Chart) EAP-25

5. Mongolia EAP-26
A Recent Past Review of Mongolian Insurance Market EAP-26
Table 27: Mongolian Insurance Market (2003 & 2004): Total
Premiums in Million Togrog by Category - Liability Insurance,
Property Insurance, and Personal Accident, Health and Other
Insurance (includes corresponding Graph/Chart) EAP-26

Table 28: Mongolian Liability Insurance Market (2003 & 2004):
Total Premiums in Million Togrog by Segment - Drivers
Liability, Drivers Liability of Public Transportation,
Professional Liability, Aircraft Owners & Possessors
Liability, and Others (includes corresponding Graph/Chart) EAP-27

Table 29: Mongolian Property Insurance Market (2003 & 2004):
Total Premiums in Million Togrog by Segment - Aircraft Hull
Insurance, Electrical Equipment, Motor Vehicle, Property
Casualty, and Others (includes corresponding Graph/Chart) EAP-27

Table 30: Mongolian Personal Accident, Health & Allied
Insurance Market (2003 & 2004): Total Premiums in Million
Togrog by Segment - Disability, Horse Racing, Personal
Accident, Travel, and Others (includes corresponding
Graph/Chart) EAP-28

Table 31: Mongolian Insurance Market (2003 & 2004): Claims
Paid in Million Togrog by Category - Liability Insurance,
Property Insurance, and Personal Accident, Health and Other
Insurance (includes corresponding Graph/Chart) EAP-28

Table 32: Mongolian Liability Insurance Market (2003 & 2004):
Claims Paid in Million Togrog by Segment - Drivers
Liability, Drivers Liability of Public Transportation, and
Others (includes corresponding Graph/Chart) EAP-29

Table 33: Mongolian Property Insurance Market (2003 & 2004):
Claims Paid in Million Togrog by Segment - Electrical
Equipment, Motor Vehicle, Property Casualty, Transport and
Others (includes corresponding Graph/Chart) EAP-29

Table 34: Mongolian Personal Accident, Health & Allied
Insurance Market (2003 & 2004): Claims Paid in Million Togrog
by Segment - Disability, Personal Accident, Travel, and
Others EAP-30
Major Players EAP-30
Table 35: Leading Players in Mongolian Insurance Market
(2003 & 2004): Percentage Breakdown by Total Premiums by
Company - Ard Daatgal, Bodi Daatgal, Mongol Daatgal,
Mongolian Insurance Group, Nomin Daatgal, and Others
(includes corresponding Graph/Chart) EAP-30

Table 36: Leading Players in Mongolian Insurance Market
(2004): Percentage Breakdown by Claims Paid by Company -
Bodi Daatgal, Erel Daatgal, Mongol Daatgal, Nomin Daatgal,
Prime Daatgal, and Others (includes corresponding
Graph/Chart) EAP-31

6. New Zealand EAP-32
Industry Overview EAP-32
Table 37: Insurance Industry in New Zealand (2005): Per
Capita Premium in US$ by Category - Life and Non-Life EAP-32

Table 38: Insurance Industry in New Zealand (2003):
Percentage Share Distribution of Insurance Companies by
Region for Wellington, Auckland, Canterbury, Otago, and
Other (includes corresponding Graph/Chart) EAP-32
Finance Companies Enter Insurance Sector EAP-33
Regulatory Framework EAP-33
Life Insurance Sector EAP-33
Key Players EAP-33
Table 39: Life Insurance Industry in New Zealand (2002):
Gross Written Premium in US$ Million by Leading Companies
for Sovereign, AXA, AMP, Royal & SunAlliance, Tower,
Fidelity, Westpac, BNZ, NPF, and NBNZ Life (includes
corresponding Graph/Chart) EAP-33

Table 40: Leading Players in the Life Insurance Industry of
New Zealand (2000) - Gross Written Premium in US$ Million
for Soveriegn Group, AXA, AMP, Royal & SunAlliance, and
Tower Health (includes corresponding Graph/Chart) EAP-34
Non-Life Insurance Sector EAP-34
Table 41: New Zealand Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for IAG New Zealand, Vero, Lumley General, AMI, American
Home, Tower, ACE, Farmers Mutual, Allianz New Zealand, and
Medical Insurance Society (includes corresponding
Graph/Chart) EAP-34

Table 42: Leading Players in the Non-Life Insurance Industry
of New Zealand (2002) - Gross Written Premium in US$ Million
for IAG New Zealand, Royal & Sun Alliance, NZI, Lumley
General, and AMI (includes corresponding Graph/Chart) EAP-35

7. Pakistan EAP-36
Market Overview EAP-36
Table 43: Pakistani Recent Past, Current & Future Analysis
for Insurance Market with Gross Premiums in PKR Million for
the Years 2005 through 2009 (includes corresponding
Graph/Chart) EAP-36
Removal of Entry Barriers EAP-36
Life Insurance Industry EAP-36
Entry of Overseas Life Insurers EAP-36
Key Players EAP-36
Table 44: Leading Players in the Pakistani Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
State Life, EFU Life, Commercial Union, ALICO, and
Metropolitan Life (includes corresponding Graph/Chart) EAP-37
Non-Life Insurance Industry EAP-37
Table 45: Leading Players in the Pakistani Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Adamjee, EFU, National, New Jubilee, and New
Hampshire (includes corresponding Graph/Chart) EAP-37

8. Philippines EAP-38
Government Mulls Hike in Insurance Coverage EAP-38
Life Insurance Market EAP-38
Table 46: Leading Players in the Life Insurance Industry of
Philippines (2000) - Gross Written Premium in US$ Million
for Philam Life & Gen, Sun Life, Insular Life, Manulife, and
Prumerica Life (includes corresponding Graph/Chart) EAP-39
Non-Life Insurance Market EAP-39
Table 47: Non-Life Insurance Industry of Philippines (2003):
Gross Written Premium in US$ Million by Leading Companies
for Malayan Insurance, Prudential Guarantee, Pioneer, BPI/MS,
PHILAM Ins, UCPB Gen, Standard, Alliedbankers, Federal
Phoenix, and Phil. Charter (includes corresponding
Graph/Chart) EAP-39

Table 48: Leading Players in the Non-Life Insurance Industry
of Philippines (2000) - Gross Written Premium in US$ Million
for Malayan Ins, Prudential Gtee, FGU Ins, PHILAM Ins, and
Federal Phoenix (includes corresponding Graph/Chart) EAP-40

9. South Korea EAP-41
One of the Largest Insurance Markets Worldwide EAP-41
Table 49: South Korean Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Non-Life and Life
Markets Independently Analyzed with Premium Income in US$
Million for the Years 2006 through 2010 (includes
corresponding Graph/Chart) EAP-41

Table 50: South Korean 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Markets for 2006, 2008, and 2010
(includes corresponding Graph/Chart) EAP-42

Table 51: South Korean Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life EAP-42
A Perspective of the Market EAP-42
Ageing Population to Drive the South Korean Insurance Market EAP-42
Increasing Premium Rates Attract Public Wrath EAP-43
Measures to Sustain Financial Stability EAP-43
Insurers’ Assets Exceeds 300 Trillion Won EAP-43
Insurance Industry Eyes Advanced IT Systems EAP-43
Chinese Market offer Greener Pastures for Korean Insurers EAP-43
Non-Life and Life Insurance Companies Plan Cross-Selling of
Insurance Products EAP-44
Online Motor Insurance Rapidly Gaining Ground EAP-44
Online Motor Insurance Premiums to Cross 100 Billion Won Mark EAP-45
Renewal Rates Increase in Motor Insurance EAP-45
Life Insurance Industry EAP-45
Life Insurance to Debut in the Korean Stock Market EAP-45
Korean Life Insurers Provide Strong Growth Potential EAP-45
Korea - A Well Developed Market with a Lucrative Shift in
Product Mix EAP-46
Life Insurance Industry Undergoes Major Changes EAP-46
Quasi-Insurers Enhance Penetration in Korean Life Insurance EAP-46
Bancassurance Boosts Life Insurance Market EAP-47
But also Brews Rift Between Banks and Insurers EAP-47
Bigwigs Lose Share EAP-48
Foreign Life Insurance Firms Dominate EAP-48
Table 52: Korean Life Insurance Market (2005): Percentage
Breakdown of Premium by Type - Individual (Endowment, Pure
Endowment, Term Insurance), and Group (includes
corresponding Graph/Chart) EAP-48
Key Players EAP-48
Table 53: Leading Players in South Korean Life Insurance
Market (2006 & 2007): Percentage Breakdown of Premiums by
Company - Samsung Life, Kyobo Life, Korea Life, ING, AIG,
and Others (includes corresponding Graph/Chart) EAP-49

Table 54: Leading Players in South Korean Corporate Pension
Insurance Market (2006 & 2007): Percentage Breakdown of
Premiums by Company - Samsung Life, Samsung F&M, Kyobo Life,
Korea Life, Mirae Asset Life, Other Life Insurers, and Other
P&C Insurers (includes corresponding Graph/Chart) EAP-49

Table 55: Leading Players in South Korean Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Samsung Life, Korea Life, Kyobo life, Allianz, and SK Life
(includes corresponding Graph/Chart) EAP-50
Non-Life Insurance Industry EAP-50
Long-Term Insurance and Investment Profits Aid Non-Life
Sector’s Growth EAP-50
Table 56: Korean Non-Life Insurance Market (2005 & 2006):
Percentage Breakdown of Direct Premiums by Category - Auto,
Commercial, and Long-term (includes corresponding
Graph/Chart) EAP-50
Key Players EAP-50
Table 57: Leading Players in Korean Non-Life Insurance
Market (2005): Percentage Market Share by Insurer - Dongbu
Insurance, Hyundai M&F, LIG Insurance, Samsung, and
Others(includes corresponding Graph/Chart) EAP-51

Table 58: Leading Players in Korean Non-Life (Long-Term)
Insurance Market (2005): Percentage Market Share by Insurer
  • Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung,
and Others(includes corresponding Graph/Chart) EAP-51

Table 59: Leading Players in Korean Non-Life (Commercial)
Insurance Market (2005): Percentage Market Share by Insurer
  • Dongbu Insurance, Hyundai M&F, LIG Insurance, Samsung, and
Others (includes corresponding Graph/Chart) EAP-51

Table 60: South Korean Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Billion by Leading Companies
for Samsung, Hyundai, Dongbu, LG, Oriental, Seoul
Guarantee, First, Shindongah, Ssangyong, and Daehan
(includes corresponding Graph/Chart) EAP-52

Table 61: Leading Players in South Korean Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Samsung, Hyundai, Dongbu, LG, and Oriental
(includes corresponding Graph/Chart) EAP-52
Auto Insurance Market EAP-52
Battle Heats up in Korean Online Motor Insurance Market EAP-52
Table 62: Korean Automotive Insurance Market (2005): Direct
Premiums and Claims Paid in Won Billion EAP-53

Table 63: Leading Players in Korean Automotive Insurance
Market (2005): Percentage Market Share by Insurer - Dongbu
Insurance, Hyundai M&F, LIG Insurance, Samsung, and
Others(includes corresponding Graph/Chart) EAP-53
Korean Marine and Aviation Insurance - An Overview EAP-53
Property Insurance Market EAP-53
Table 64: Korean Non-Life Insurance Market (2005): Percentage
Breakdown of Premium by Distribution Channel -Agents,
Bancassurance, Brokers, Employees, Solicitors, and Others
(includes corresponding Graph/Chart) EAP-54
A Recent Past Market Scenario EAP-54
Auto Insurance Market EAP-54
Duration of Medical Insurance Coverage EAP-54
Insurance Fraud Costs Dear EAP-54
Initiatives in Web-Based Insurance Services EAP-55
Focus on Select South Korean Players EAP-55
Kyobo Life Insurance Co., Ltd. - Leading Life Insurer in Korea. EAP-55
Samsung Life Insurance EAP-55
Shinhan Bank EAP-56

10. Sri Lanka EAP-57
Life Insurance Market EAP-57
Table 65: Leading Players in the Sri Lankan Life Insurance
Industry (2003) - Gross Written Premium in US$ Million for
Sri Lanka, Ceylinco, Eagle, Union, and Janashakthi (includes
corresponding Graph/Chart) EAP-57
Non-Life Insurance Market EAP-57
Table 66: Leading Players in the Sri Lankan Non-Life
Insurance Industry (2003) - Gross Written Premium in US$
Million for Sri Lanka, Ceylinco, Janashakthi, Union, and
Eagle (includes corresponding Graph/Chart) EAP-57

11. Taiwan EAP-58
Table 67: Taiwanese Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in NT$
Billion for the Years 2006 through 2010 (includes
corresponding Graph/Chart) EAP-58

Table 68: Taiwanese 5 -Year Perspective for Insurance Industry
by Segment - Percentage Breakdown of Premium Income for Life
and Non-Life Markets for 2006, 2008, and 2010 (includes
corresponding Graph/Chart) EAP-58

Table 69: Taiwanese Insurance Industry (2006): Per Capita
Premium in US$, and Penetration of Insurance by Category -
Life and Non-Life EAP-59
Market Overview EAP-59
Opportunity to Expand to Mainland China Sparks Insurance
Industry Growth EAP-60
Establishment of Appointed Actuary System to Boost Growth EAP-60
Risk-Based Capital Mechanism Launched EAP-60
Central Insurance Offers Abduction Insurance for Taiwanese
Businessmen EAP-60
Tokio Marine Merges with Newa Insurance Co., Offers Typhoon
Insurance EAP-60
Table 70: Taiwanese Insurance Industry (2005): Benefits Paid
in NT$ Billion by Domestic Insurance Companies by Type
  • Annuity, Death, Disability, Dread Disease, Maturity,
Medical, Surrender, Survivor Benefit, and Others (includes
corresponding Graph/Chart) EAP-61

Table 71: Taiwanese Insurance Industry (2005): Benefits Paid
in NT$ Million by Foreign Insurance Companies by Type
  • Disability, Death, Dread Disease, Maturity, Medical,
Surrender, Survivor Benefit, and Others (includes
corresponding Graph/Chart) EAP-61

Table 72: Taiwanese Insurance Industry (2005): Reinsurance
Claims Paid in NT$ Million by Category - Life, Automobile,
Fire, Fishing Vessel, Marine Cargo, Marine Hull, Personal
Accident, and Miscellaneous (includes corresponding
Graph/Chart) EAP-62
Life Insurance Sector EAP-62
Table 73: Taiwanese Life Insurance Market (2007 & 2008):
Percentage Breakdown of Premiums by Category for Individual
Life Insurance, Health Insurance, Accident Insurance, and
Annuity Insurance (includes corresponding Graph/Chart) EAP-62

Table 74: Taiwanese Life Insurance Industry (2006):
Percentage Breakdown of Premiums by Type - Accident, Annuity,
Health, Life, and Group Insurance (includes corresponding
Graph/Chart) EAP-63

Table 75: Taiwanese Life Insurance Industry (2005): Premium
Income in NT$ Billion by Domestic and Foreign Companies by
Sector - Accident, Annuity, Health, Life, and Group
Insurance (includes corresponding Graph/Chart) EAP-63

Table 76: Taiwanese Life Insurance Industry (2005): Premium
Income in NT$ Billion by Domestic and Foreign Companies for
Individual Life (Endowment, Pure Endowment, Insurance
Against Death), and Individual Annuity (Deferred Annuity,
Immediate Annuity) (includes corresponding Graph/Chart) EAP-63
Interest Rate Environment Restricts Growth of Life Insurance
Products EAP-64
Key Players EAP-64
Table 77: Leading Players in Taiwanese Life Insurance
Industry (2005): Percentage Market Share of Premiums by
Company - Cathay Life, Chunghwa, Fubon Life, ING Life, Nan
Shan Life, Shin Kong Life, and Others (includes
corresponding Graph/Chart) EAP-64

Table 78: Taiwanese Life Insurance Industry (2003): Gross
Written Premium in US$ Billion by Leading Companies for
Cathay Life, Nan Shan Life, Shin Kong Life, Chungwa Post,
ING Life, Fubon Life, Mass Mutual Mercuries, Kuo Hua Life,
AZPL, and China Life (includes corresponding Graph/Chart) EAP-64

Table 79: Leading Players in the Taiwanese Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Cathay Life, Nan Shan Life, Shin Kong Life, ING Life, and
Kuo Hua Life (includes corresponding Graph/Chart) EAP-65
Non-Life Insurance Sector EAP-65
General Insurance Sector Set to Witness Buoyant Times EAP-65
Table 80: Taiwanese Non-life Insurance Market (2007 & 2008):
Percentage Breakdown of Premium Income by Category for
Automobile, Fire, Marine Cargo, Engineering, Marine Hull,
Aviation, and Miscellaneous Casualty Insurance (includes
corresponding Graph/Chart) EAP-66

Table 81: Taiwanese Non-Life Insurance Industry (2006):
Direct Written Premiums and Retained Premiums in NT$ Million
by Sector - Auto, Aviation, Fire, Marine, and Other
Property & Casualty EAP-66

Table 82: Taiwanese Non-Life Insurance Industry (2006):
Direct Written Premiums and Retained Premiums in NT$
Million by Domestic Companies, and Foreign Companies EAP-67
Market Players - The Strategies EAP-67
Market Leaders EAP-67
Table 83: Leading Players in Taiwanese Non-Life Insurance
Industry (2005 & 2006): Percentage Market Share of Premiums
by Company - Cathay Century, Central, Chung Kuo, the First,
Fubon, Mingtai, Shin Kong, South China, Tai Ping, Taian,
Taiwan Fire, Tokio Marine Newa, and Others (includes
corresponding Graph/Chart) EAP-68

Table 84: Taiwanese Non-Life Insurance Industry (2003):
Gross Written Premium in US$ Million by Leading Companies
for Fubon, Mingtai, Shin Kong, Union, Cathay Century,
Central, Taian, Zurich, Chung Kuo, and Newa (includes
corresponding Graph/Chart) EAP-69

Table 85: Taiwanese Non-Life Insurance Industry (2003): Net
Premium and Net Losses in NT$ Million for Domestic and
Foreign Companies EAP-70

Table 86: Leading Players in the Taiwanese Non-Life
Insurance Industry (2002) - Gross Written Premium in US$
Million for Fubon, Mingtai, Shin Kong, Central, and Cathay
Century (includes corresponding Graph/Chart) EAP-71
Assessing Earthquake Exposure - A Key Development During
Early 2000s EAP-71

12. Thailand EAP-72
Market Overview EAP-72
Insurance Sector Representation EAP-72
Table 87: Thai Recent Past, Current & Future Analysis for
Insurance Industry by Segment - Life and Non-Life Markets
Independently Analyzed with Annual Premium Income in Billion
Baht for the Years 2005 through 2010 (includes corresponding
Graph/Chart) EAP-72

Table 88: Thai 6 -Year Perspective for Insurance Industry by
Segment - Percentage Breakdown of Premium Income for Life and
Non-Life Insurance Markets for 2005, 2008, and 2010
(includes corresponding Graph/Chart) EAP-73
Thai Insurance Industry - Obstacles and Issues EAP-73
Group Policies - Exhibiting Fantastic Growth EAP-73
Low Return on Investments Cast Shadow on New Business EAP-74
Table 89: Thai Insurance Industry (2005 & 2006): Benefits
Paid in Million Baht by Category - Annuity, Accident &
Disability, Death, Health, Maturity, Surrender, and Others
(includes corresponding Graph/Chart) EAP-74
Life Insurance Sector EAP-75
Table 90: Thai Life Insurance Market (2007): Premiums in
Billion Baht by Group & Individual Category - Main Policy,
Health Rider, Accident Rider, Other Rider, and Personal
Accident (includes corresponding Graph/Chart) EAP-75
Major Players EAP-75
Table 91: Leading Players in Thai Life Insurance Market (2006 &
2007): Percentage Breakdown of Direct Premiums by Company -
A.I.A, Thai Life Insurance, Ayudhya Allianz C.P Life,
Muang Thai Life, Siam Commercial New York, Bangkok Life,
Ocean Life, and Others (Including Krungthai Axa Life, ING
Life Limited, and Finansa Life Assurance) (includes
corresponding Graph/Chart) EAP-75

Table 92: Thai Life Insurance Industry (2003): Gross Written
Premium in US$ Million by Leading Companies for AIA, Thai
Life, Ayudhya Allianz C.P., Bangkok, Ocean, Muang Thai, Siam
Commercial, Nationwide, Zurich National, and South East
(includes corresponding Graph/Chart) EAP-76

Table 93: Leading Players in the Thai Life Insurance Industry
(2002) - Gross Written Premium in US$ Million for AIA, Thai
Life, Ayudhya CMG, Bangkok, and Ocean (includes
corresponding Graph/Chart) EAP-76
Non-Life Insurance Sector EAP-76
Table 94: Thai Non-life Insurance Market (2006 & 2007):
Percentage Breakdown of Net Written Premiums by Line of
Business - Automobile (Voluntary, & Compulsory), Fire, Marine
& Transportation, and Miscellaneous* (includes corresponding
Graph/Chart) EAP-77

Table 95: Leading Players in Thai Non-Life Insurance Market
(2006): Percentage Breakdown of Direct Premiums by Company -
Viriyah Insurance, Sampanth Insurance, Bangkok Insurance,
Synmunkong Insurance, The Safety Insurance, LMG Insurance,
Thanachart Insurance, Liberty Insurance, Mittare Insurance,
Dhipaya Insurance and Others (includes corresponding
Graph/Chart) EAP-77

Table 96: Thai Non-life Insurance Market (2006 & 2007):
Percentage Breakdown of the Sum Insured in Billion Baht by
Line of Business - Marine & Transportation, Industrial (All
Risks), Personal Accident, Fire, Automobile, and
Miscellaneous* (includes corresponding Graph/Chart) EAP-78

Table 97: Thai Non-Life Insurance Industry (2003): Gross
Written Premium in US$ Million by Leading Companies for
Viriyah, Dhipaya, Bangkok, Sampanth, Deves, Synmunkong, The
Safety, New Hampshire, Aviva, and Commercial (includes
corresponding Graph/Chart) EAP-78

Table 98: Leading Players in the Thai Non-Life Insurance
Industry (2002) - Gross Written Premium in US$ Million for
Viriyah, Dhipaya, Bangkok, Deves, and The Safety (includes
corresponding Graph/Chart) EAP-79
A Recent Past Market Scenario EAP-79
Life Insurance in New Millennium EAP-79
Non-Life Sector Lagging Behind EAP-79
The Reforms EAP-80
Investment Returns EAP-80
Joint Ventures on the Rise EAP-80

13. Vietnam EAP-81
Market Overview EAP-81
Insurance Sector Representation EAP-81
Table 99: Vietnamese Recent Past, Current & Future Analysis
for Insurance Industry by Segment - Life and Non-Life
Markets Independently Analyzed with Annual Premium Income in
US$ Million for the Years 2005 through 2009 (includes
corresponding Graph/Chart) EAP-81

Table 100: Vietnamese 5 -Year Perspective for Insurance
Industry by Segment - Percentage Breakdown of Premium Income
for Life and Non-Life Insurance Markets for 2005, 2007, and
2009 (includes corresponding Graph/Chart) EAP-82

Table 101: Insurance Market in Vietnam: Premium in US$
Million and Premium/GDP for the Period 1997-2002 (includes
corresponding Graph/Chart) EAP-82
Industry Structure EAP-82
Major Categories of Insurance EAP-83
Life Insurance Sector Witnesses Decline EAP-83
Insurance Business Suffers from Lack of Domestic Brokers EAP-83
Stiff Competition Brewing EAP-83
Players and the Potential EAP-83
State Insurer Feels the Pinch EAP-84
Leading Insurance Companies/Groups Active in Vietnam EAP-84
Entry of Foreign Companies EAP-84
Foreign Insurers Make Mark in Vietnamese Insurance Market EAP-85
Foreign Insurers Increasingly Rely on Joint Ventures to
Enter Vietnamese Market EAP-85
Foreign Insurers Queue Up to Enter Vietnam Life Market EAP-85
The Present and Future EAP-86
The Obligatory Social Insurance EAP-86
Life Insurance Market EAP-86
Key Market Characteristics EAP-87
Key Players EAP-87
Table 102: Leading Players in the Life Insurance Industry
of Vietnam (2004): Percentage Market Share by Company -
AIA, Bao Minh CMg, BaoViet, Manulife, and Prudential
(includes corresponding Graph/Chart) EAP-88

Table 103: Leading Players in the Life Insurance Industry
of Vietnam (2003): Percentage Share Breakdown by Premium
for BaoViet, Prudential, and Manulife (includes
corresponding Graph/Chart) EAP-88

Table 104: Leading Players in the Life Insurance Industry
of Vietnam (2001) - Gross Written Premium in US$ Million
for Bao Viet, Prudential, Manulife, AIA, and Bao Minh CMG
(includes corresponding Graph/Chart) EAP-88
Non-Life Insurance Sector EAP-88
Leading Players EAP-89
Table 105: Leading Players in the Non-Life Insurance
Industry of Vietnam (2004): Percentage Market Share by
Company - Allianz, Bao Minh, BIDV-QBE, BaoViet, PJICO, PTI,
PVI, Samsung-Vina, UIC, VIA, and Others (includes
corresponding Graph/Chart) EAP-89

Table 106: Leading Players in the Non-Life Insurance
Industry of Vietnam (2003): Percentage Share Breakdown by
Premium for BaoViet, BaoMinh, PJICO, PV Insurance, and
Others (includes corresponding Graph/Chart) EAP-90

Table 107: Leading Players in the Non-Life Insurance
Industry of Vietnam (2001) - Gross Written Premium in US$
Million for Bao Viet, Bao Minh, PVIC, PJICO, and PTI
(includes corresponding Graph/Chart) EAP-90
Vietnamese Insurance Industry - A Recent Past Perspective EAP-90
Unfair Competition Moves EAP-90
Senior Executives Get Training in International Practices EAP-90
Focus on Select Vietnamese Players EAP-91
Baominh-CMG EAP-91
BaoViet (Vietnam Insurance Corp.) EAP-91

14. Product Launches EAP-92
Allianz Life Launches Capital Protected Plan II EAP-92
SLFP Introduces Sachetized Insurance Packages EAP-92
Jerneh Insurance Launches Management Corporation Strata Title
Insurance Scheme EAP-92
MITA and Kurnia Form Partnership for Providing New Insurance
Scheme EAP-92
Lloyd’s to Introduce Islamic Insurance Polices EAP-93

15. Recent Industry Activity EAP-94
AIG Forms Alliance with Seoul Guarantee EAP-94
ERGO Acquires Stake in Daum Direct Auto Insurance EAP-94
Kookmin Bank to Divest Interest in ING Life Insurance EAP-94
HSBC Insurance to Acquire Stake in Hana’s Life Insurance
Subsidiary EAP-94
Hainan Airlines to Form Joint Venture with SKLI of Taiwan EAP-95
PAC Partners with TIA Technology to Gain Greater Market Share
in Malaysia EAP-95
DRB-HICOM to Divest Interests in Insurance Businesses EAP-95
AXA Enters into Strategic Partnership with Bao Minh Insurance EAP-95
Bao Minh Insurance and Federal Insurance Enter into Agreement EAP-96
Allied Bank to Increase Stake in New York Life Insurance EAP-96
Aviva Obtains Regulatory Consent for Joint Venture in Taiwan EAP-96
HSBC Establishes Life Insurance Company in Taiwan EAP-96
AEGON & Taishin Enters into Joint Venture EAP-97
Allianz to Take Over Commerce Assurance EAP-97
Bumiputra to Divest Stake EAP-97
Manila Electric to Acquire Insurance Firm EAP-97
Allianz to Divest Stake in Hana Life Insurance EAP-97
AXA to Acquire 75% Stake in Kyobo Auto EAP-97
Allianz to Buy Remaining Stake in Allianz President EAP-98
Aviva to Form JV with FFHC EAP-98
ACE Enters Vietnam’s Non-Life Sector EAP-98
Cardif, Seabank and Vietcombank to Form Joint Venture EAP-98
Indonesian Govt to Divest Stake in Two Companies EAP-98
Boustead Holdings to Buy 45% Stake in Royal & SunAlliance
Insurance EAP-98
Allied Bank and Lucio Tan Group to Buy NY Life Insurance EAP-99
Qatar Company to Acquire Sampanh Insurance EAP-99
AIG Buys Out Central Insurance EAP-99
Prudential Secures License for Islamic Insurance EAP-99
AXA Takes Over Two Insurers in Asia EAP-99
HSBC and AIG Collaborate to Provide Joint Insurance in Indonesia EAP-99
CIGNA to Buy Stake in Thai Charoen Insurance EAP-99
QBE Buys Stake in Allianz EAP-100
OCBC Bank (M) Bhd Partners with Pacific Insurance EAP-100
ISM Enters into Collaborative Agreement with SAS EAP-100
Malaysian Insurance Institute Launches MII e-Academy EAP-100
Aviva Takes Over Stake in Eagle Insurance of Sri Lanka EAP-101
Standard Chartered and Eagle Insurance Form Alliance EAP-101
Insurance Australia Acquires Stake in Safety Insurance EAP-101
Navakij Insurance to Acquire Ocean General’s Underwriting
Portfolio EAP-102
AIG Direct Marketing to Acquire Central Insurance EAP-102
Nanshan Life to Foray in Vietnamese Insurance Market EAP-102
Bangkok Bank Acquires 10% Stake in People Insurance of China
Corporate EAP-102
Hyundai Eyes the US Market EAP-102
Mapfre Insular Insurance - A Philippino-Spanish Venture Takes
Wings EAP-103
UMRe Merges with National Re EAP-103
Samsung Establishes Wholly Owned Subsidiary in China EAP-103
Met Life Inc Divests Unit in Indonesia EAP-103
Aon Acquires Remaining Stake in Aon Inchibrok EAP-103
BaoViet and BaoMinh Join Hands EAP-104
Millea Acquires Allianz President General EAP-104
Aon Risk Acquires Wrightson Ltd EAP-104
Finansa Public Acquires Nationwide Life Assurance EAP-104
Promina’s Vero Forms Joint Venture with CTIL EAP-104

16. Strategic Corporate Developments in Recent Past EAP-105
PIC Acquires 95% Stake in Equitable PCI EAP-105
Allianz Buys 49% Stake in JV with AGF Insurance EAP-105
Manulife Financial Concludes an Acquisition Agreement with
Chinfon Global EAP-105
Sun Insurance Acquires Stake in Genins India EAP-105
Bank of Philippine Islands Merges Insurance Subsidiaries EAP-105
Crawford Opens Office in New Zealand EAP-106
AIA Signs Contract with Asia Commercial Bank EAP-106
Asia Commercial Bank and Prudential Vietnam Sign Cooperation
Agreement EAP-106
First Fire & Marine Insurance Signs Deal With Sunwards
Industrial EAP-106
BaoViet Signs Agreement with Vietnam Bank for Investment and
Development EAP-106
Dabur CGU Life Insurance Acquires Insurance Corp. of Singapore EAP-106
Bank of Philippines Islands and Mitsui Marine and Fire
Insurance Sign an MoU EAP-107
OAMPS Insurance Brokers Acquire Policies of Harts One to One
Insurance Solutions EAP-107
GAB Robins Opens Representative Office in China EAP-107
Aquila Forges Partnership with Macquarie Bank EAP-107
Kub Tekstil Signs MOU with Kurnia Insurans EAP-107
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